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February Palm Oil Exports from Indonesia Decreased



February Palm Oil Exports from Indonesia Decreased

InfoSAWIT, JAKARTA – Indonesian Palm Oil Association (IPOA) reported that the total exports in February 2022 decreased to be 2.098 thousand tons compared to January which reached 2.179 thousand tons or decreased about 3,7%.

Executive Director of IPOA, Mukti Sardjono said, though the price increased, the export value in February reached US$ 2.799 million only or smaller than it in January which reached US$2.816 million

Data from IPOA also revealed that the big decreasing exports happened in Africa that reached 153,3 thousand tons, which is, from 278,1 thousand tons in January to be 134,7 thousand tons in February or decreased 54%. “It did too in Philippine that reached -55% or from 63,8 thousand tons in January to be 28,7 thousand tons in February 2022,” Mukti noted, as in the official statement to InfoSAWIT, Tuesday (19/4/2022).

Decreasing palm oil exports did happen in Russia for about 7,8% or from 69,6 thousand tons in January to be 64,2 thousand tons in February. Palm oil export to Ukraine was in fluctuation, within monthly average in 2021 reaching 25 thousand tons. In January 2022, the exports to Ukraine decreased to be only 256 thousand tons while in February the exports recovered to be 15,28 thousand tons.

The exports to Netherland, China, India, Bangladesh, and Malaysia increased. The exports to Netherland in February reached 184,41 thousand tons or increased from 128,27 thousand in January (+42,21%), the exports to China reached 240,3 thousand tons or increased from  197,4 thousand tons (+21,7%), in India the exports reached 290,2 thousand tons or increased from 249,9 thousand tons (+16,12%), in Bangladesh the exports reached 126,0 thousand tons or increased from 87,6 thousand tons (+43,9%) and in Malaysia they reached 229,5 thousand tons or increased from 180,4 thousand tons (+27,2%). (T2)

 

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